DoorDash, Inc. $DASH Stock Sold by TenCore Partners LP

TenCore Partners LP lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 16.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,744 shares of the company’s stock after selling 7,000 shares during the quarter. DoorDash comprises approximately 5.4% of TenCore Partners LP’s portfolio, making the stock its 8th largest holding. TenCore Partners LP’s holdings in DoorDash were worth $6,561,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in DoorDash by 40.2% during the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after purchasing an additional 2,225,954 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of DoorDash by 2,304.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company’s stock valued at $633,635,000 after purchasing an additional 3,308,512 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of DoorDash by 372.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company’s stock valued at $575,928,000 after purchasing an additional 2,472,980 shares during the period. Temasek Holdings Private Ltd raised its holdings in shares of DoorDash by 49.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock worth $519,744,000 after buying an additional 1,145,078 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of DoorDash by 18.4% in the 1st quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock worth $517,907,000 after buying an additional 536,080 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Reports say AI agents have generated only a small number of orders on DoorDash and other delivery and ride-hailing apps, suggesting that agent-driven ordering is not yet a meaningful threat to DoorDash’s customer channel. Article: Almost nobody uses AI agents to order food or rides on apps like Uber
• Neutral Sentiment: Coverage puts the proposed $17 billion Instacart deal in focus. DoorDash is described as growing quickly, while Instacart has argued the transaction should be approved given competition from Walmart and Amazon. The deal could offer strategic scale, but its approval and eventual execution remain important uncertainties for investors. Article: DoorDash (DASH) Is Growing Fast, but Its $17 Billion Instacart Deal Takes Center Stage Article: Instacart points to Walmart and Amazon as reasons its merger with DoorDash should be approved
• Neutral Sentiment: Multiple outlets report that a Pennsylvania DoorDash driver is missing. The reports describe an ongoing search, not a company operational or financial development; any direct impact on DASH is unclear. Article: DoorDash driver mysteriously disappeared after making his last delivery, reports say
• Negative Sentiment: Uber has asked an appeals court to keep a case involving DoorDash out of arbitration. The dispute adds legal uncertainty, though the article does not report a ruling or quantify potential financial exposure. Article: Uber Asks Appeals Court to Keep DoorDash Case Out of Arbitration

DoorDash Price Performance

Shares of DoorDash stock opened at $178.25 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $77.71 billion, a price-to-earnings ratio of 73.66, a P/E/G ratio of 1.50 and a beta of 1.98. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $239.00. The firm’s 50-day moving average price is $191.19 and its two-hundred day moving average price is $182.24.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.25. DoorDash had a net margin of 6.23% and a return on equity of 10.40%. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter last year, the business posted $0.55 earnings per share. The company’s revenue was up 34.0% on a year-over-year basis. On average, equities analysts predict that DoorDash, Inc. will post 2.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Prabir Adarkar sold 55,289 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total transaction of $12,813,778.64. Following the sale, the chief operating officer directly owned 930,211 shares in the company, valued at $215,585,701.36. This represents a 5.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 72,367 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $225.16, for a total value of $16,294,153.72. Following the sale, the director directly owned 10,361 shares of the company’s stock, valued at $2,332,882.76. This represents a 87.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 349,430 shares of company stock worth $76,644,002 over the last ninety days. 44.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on DASH shares. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a research report on Wednesday, November 4th. Argus boosted their price target on DoorDash from $190.00 to $270.00 in a research note on Thursday, August 27th. TD Cowen reiterated a “buy” rating on shares of DoorDash in a research report on Tuesday, October 27th. JPMorgan Chase & Co. increased their price objective on DoorDash from $250.00 to $262.00 in a research note on Wednesday, August 5th. Finally, Truist Financial lifted their price objective on DoorDash from $336.00 to $340.00 and gave the company a “buy” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $249.82.

About DoorDash

DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.